Stocks Less Exciting than America's Cup

The markets were less than exciting today, but at least the America’s Cup created some excitement! 

We saw slight declines in the broader US indexes today as investors digest strong quarterly gains.  Because we experienced such a huge move in the markets for the quarter, some investors (institutional and retail) are in a holding pattern.  The small decline we’ve seen in the last week is somewhat of a healthy pullback and it will give us all another opportunity to put excess cash to work. 

On a separate note, international markets have become more attractive in recent weeks as growth has become more apparent and attainable.  An improvement of fundamental and technical factors has given us conviction in this space.  As headlines, macroeconomic releases, and financial developments occur, we will reevaluate the exposure and guide you towards the appropriate adjustments. 

We have been excited about the positive trend formation in world markets and encourage individual investors to be aware of entry opportunities.  If you have any questions or comments, please feel free to reach out.  

Scott Stanley

Valley Oak Wealth Management

scott@valleyoakwm.com